Frankfort Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Frankfort averaged
6.96%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
7.06% and
one month ago for the week of 2025-05-29, the
average rate was 6.98%.
Frankfort's average rate one year ago was 7.25%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.67%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
Frankfort 30 Year Fixed Rate | 2025-07-03 | 6.96% |
Frankfort 30 Year Fixed Rate Refi | 2025-07-03 | 6.67% |
Frankfort 15 Year Fixed Rate | 2025-07-03 | 5.9% |
Frankfort 15 Year Fixed Rate Refi | 2025-07-03 | 5.8% |
Frankfort 30 Year FHA | 2025-07-03 | 0.11% |
Frankfort 30 Year FHA Refi | 2025-07-03 | 0.2% |
Frankfort 30 Year USDA | 2025-07-03 | 0.1% |
Frankfort 30 Year USDA Refi | 2025-07-03 | 0.2% |
Frankfort 30 Year VA | 2025-07-03 | 0.1% |
Frankfort 30 Year VA Refi | 2025-07-03 | 0% |
Frankfort Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Frankfort, IN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Frankfort Average Closing Costs & Other Stats
Frankfort, IN's 57 lenders originated 814
loans during 2024. The total origination value was $129,440,000, with an average loan value of
$159,017.
Frankfort's average closing costs are $3,871.
The top Frankfort lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
60 loans originated. Their average total fees are
$2,941, which is $805
lower than the next largest lender,
Regions Bank.
The lowest fee Frankfort lenders (with over 10 loans originated) are
First Merchants Bank ($2,740), RUOFF MORTGAGE COMPANY, INC. ($2,941), Regions Bank ($3,747), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,375) and QUICKEN LOANS, LLC ($5,039).
The lowest rate Frankfort lenders (with over 10 loans originated) are
First Merchants Bank (6.69%), QUICKEN LOANS, LLC (6.76%), RUOFF MORTGAGE COMPANY, INC. (6.80%), Regions Bank (6.82%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.84%).
Frankfort, IN Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
---|---|---|---|---|
The Farmers Bank, Frankfort, Indiana | $15,905,000 | $17,890,000 | 12.5% | 13.8% |
RUOFF MORTGAGE COMPANY, INC. | $14,130,000 | $17,205,000 | 21.8% | 13.3% |
Regions Bank | $6,180,000 | $12,070,000 | 95.3% | 9.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,850,000 | $5,850,000 | 105.3% | 4.5% |
First Merchants Bank | $4,950,000 | $5,485,000 | 10.8% | 4.2% |
Merchants Capital Corp. | $5,455,000 | n/a | 4.2% | |
QUICKEN LOANS, LLC | $4,120,000 | $4,810,000 | 16.7% | 3.7% |
UNITED WHOLESALE MORTGAGE, LLC | $3,265,000 | $3,825,000 | 17.2% | 3.0% |
Mortgage Research Center, LLC | $370,000 | $2,470,000 | 567.6% | 1.9% |
PURDUE FEDERAL CREDIT UNION | $2,805,000 | $2,115,000 | -24.6% | 1.6% |
Farm Credit Mid-America, ACA | $1,015,000 | $1,910,000 | 88.2% | 1.5% |
Centier Bank | $2,530,000 | $1,745,000 | -31.0% | 1.3% |
Prosperity Home Mortgage, LLC | $765,000 | $1,670,000 | 118.3% | 1.3% |
The Home National Bank of Thorntown | $765,000 | $1,535,000 | 100.7% | 1.2% |
Terre Haute Savings Bank | $645,000 | $1,505,000 | 133.3% | 1.2% |
GVC MORTGAGE, INC. | $1,175,000 | $1,350,000 | 14.9% | 1.0% |
CALCON MUTUAL MORTGAGE LLC | $1,230,000 | n/a | 1.0% | |
PENNYMAC LOAN SERVICES, LLC | $990,000 | $1,225,000 | 23.7% | 0.9% |
Industrial Federal Credit Union | $1,005,000 | $1,175,000 | 16.9% | 0.9% |
FREEDOM MORTGAGE CORPORATION | $845,000 | $1,170,000 | 38.5% | 0.9% |
First Financial Bank | $530,000 | $1,130,000 | 113.2% | 0.9% |
Flanagan State Bank | $505,000 | $1,130,000 | 123.8% | 0.9% |
First Farmers Bank and Trust Company | $535,000 | $1,100,000 | 105.6% | 0.8% |
Old National Bank | $535,000 | $1,040,000 | 94.4% | 0.8% |
LOANDEPOT.COM, LLC | $405,000 | $980,000 | 142.0% | 0.8% |
HALLMARK HOME MORTGAGE, LLC | $1,020,000 | $975,000 | -4.4% | 0.8% |
NEWREZ LLC | $1,345,000 | $975,000 | -27.5% | 0.8% |
STOCKTON MORTGAGE CORPORATION | $945,000 | n/a | 0.7% | |
VILLAGE CAPITAL MORTGAGE | $890,000 | n/a | 0.7% | |
Elements Financial Federal Credit Union | $210,000 | $885,000 | 321.4% | 0.7% |
The Huntington National Bank | $495,000 | $820,000 | 65.7% | 0.6% |
ROYAL UNITED MORTGAGE LLC | $225,000 | $810,000 | 260.0% | 0.6% |
LENDINGHOME FUNDING CORPORATION | $720,000 | n/a | 0.6% | |
CROSSCOUNTRY MORTGAGE, LLC | $540,000 | $695,000 | 28.7% | 0.5% |
PNC Bank | $1,090,000 | $695,000 | -36.2% | 0.5% |
Carrington Mortgage Services, LLC | $450,000 | $685,000 | 52.2% | 0.5% |
PROVIDENT FUNDING ASSOCIATES, L.P. | $680,000 | n/a | 0.5% | |
Plains Commerce Bank | $215,000 | $660,000 | 207.0% | 0.5% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $255,000 | $605,000 | 137.3% | 0.5% |
The Federal Savings Bank | $115,000 | $600,000 | 421.7% | 0.5% |
FLAT BRANCH MORTGAGE, INC. | $585,000 | n/a | 0.5% | |
Fifth Third Bank | $590,000 | $570,000 | -3.4% | 0.4% |
MJW Financial LLC | $280,000 | $570,000 | 103.6% | 0.4% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $560,000 | n/a | 0.4% | |
Horizon Bank | $790,000 | $535,000 | -32.3% | 0.4% |
Wolfe Financial, Inc | $740,000 | $525,000 | -29.1% | 0.4% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $515,000 | n/a | 0.4% | |
First Federal Bank | $505,000 | n/a | 0.4% | |
Security Federal Savings Bank | $975,000 | $495,000 | -49.2% | 0.4% |
AMERICAN FINANCING CORPORATION | $470,000 | n/a | 0.4% | |
FORUM Credit Union | $35,000 | $445,000 | 1,171.4% | 0.3% |
NAVY FEDERAL CREDIT UNION | $1,100,000 | $425,000 | -61.4% | 0.3% |
The National Bank of Indianapolis | $415,000 | n/a | 0.3% | |
East Coast Capital Corp. | $405,000 | n/a | 0.3% | |
Nations Lending Corporation | $405,000 | n/a | 0.3% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $170,000 | $395,000 | 132.4% | 0.3% |
JPMorgan Chase Bank | $450,000 | $360,000 | -20.0% | 0.3% |
CMG MORTGAGE, INC. | $280,000 | $315,000 | 12.5% | 0.2% |
The Fountain Trust Company | $1,000,000 | $310,000 | -69.0% | 0.2% |
U.S. Bank | $310,000 | n/a | 0.2% | |
CITIZENS EQUITY FIRST | $295,000 | n/a | 0.2% | |
MORTGAGE 1 INCORPORATED | $295,000 | n/a | 0.2% | |
1st Source Bank | $555,000 | $280,000 | -49.5% | 0.2% |
Gateway First Bank | $280,000 | n/a | 0.2% | |
SUCCESS MORTGAGE PARTNERS, INC. | $465,000 | $260,000 | -44.1% | 0.2% |
LEADERONE FINANCIAL CORPORATION | $255,000 | n/a | 0.2% | |
LAKEVIEW LOAN SERVICING, LLC | $240,000 | $245,000 | 2.1% | 0.2% |
Advisors Mortgage Group, L.L.C. | $235,000 | n/a | 0.2% | |
First Option Mortgage, LLC | $330,000 | $235,000 | -28.8% | 0.2% |
MLD MORTGAGE INC. | $235,000 | n/a | 0.2% | |
PHH Mortgage Corporation | $225,000 | n/a | 0.2% | |
USAA Federal Savings Bank | $135,000 | $225,000 | 66.7% | 0.2% |
Servion, Inc. | $165,000 | $220,000 | 33.3% | 0.2% |
Centra Credit Union | $215,000 | n/a | 0.2% | |
CLEARPATH LENDING | $165,000 | $215,000 | 30.3% | 0.2% |
The North Salem State Bank | $205,000 | n/a | 0.2% | |
UNION HOME MORTGAGE CORP. | $195,000 | n/a | 0.2% | |
FIRST COMMUNITY MORTGAGE, INC. | $185,000 | $185,000 | 0.0% | 0.1% |
Renasant Bank | $185,000 | n/a | 0.1% | |
SIBCY CLINE MORTGAGE SERVICES, INC. | $185,000 | n/a | 0.1% | |
FINANCE OF AMERICA REVERSE LLC | $180,000 | n/a | 0.1% | |
Armed Forces Bank | $175,000 | n/a | 0.1% | |
The Loan Store, Inc. | $175,000 | n/a | 0.1% | |
First Bank of Berne | $165,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $155,000 | n/a | 0.1% | |
NATIONWIDE MORTGAGE BANKERS, INC. | $155,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $355,000 | $155,000 | -56.3% | 0.1% |
21ST MORTGAGE CORPORATION | $325,000 | $150,000 | -53.8% | 0.1% |
Discover Bank | $270,000 | $150,000 | -44.4% | 0.1% |
Park Lane Finance Solutions, LLC | $150,000 | n/a | 0.1% | |
AMERICAN FINANCIAL NETWORK, INC. | $165,000 | $145,000 | -12.1% | 0.1% |
Citadel Servicing Corporation | $145,000 | n/a | 0.1% | |
Ixonia Bank | $145,000 | n/a | 0.1% | |
BROKER SOLUTIONS, INC. | $340,000 | $140,000 | -58.8% | 0.1% |
HOWARD HANNA FINANCIAL SERVICES, INC. | $135,000 | n/a | 0.1% | |
Mr. Cooper ( Nationstar Mortgage ) | $280,000 | $135,000 | -51.8% | 0.1% |
WesBanco | $135,000 | n/a | 0.1% | |
Solidarity Community Federal Credit Union | $35,000 | $125,000 | 257.1% | 0.1% |
SPRING EQ, LLC | $280,000 | $120,000 | -57.1% | 0.1% |
GUARANTEED RATE, INC. | $110,000 | n/a | 0.1% | |
HOMEXPRESS MORTGAGE CORP. | $105,000 | n/a | 0.1% | |
FAIR WAY LENDING LLC | $235,000 | $95,000 | -59.6% | 0.1% |
PLANET HOME LENDING, LLC | $135,000 | $95,000 | -29.6% | 0.1% |
CHURCHILL MORTGAGE CORPORATION | $85,000 | n/a | 0.1% | |
First National Bank of America | $85,000 | n/a | 0.1% | |
Stock Yards Bank & Trust Company | $75,000 | n/a | 0.1% | |
Alliance Bank | $65,000 | n/a | 0.1% | |
LOANPAL, LLC | $65,000 | n/a | 0.1% | |
Citizens Bank | $75,000 | $55,000 | -26.7% | 0.0% |
Union Savings Bank | $655,000 | $55,000 | -91.6% | 0.0% |
AMERISAVE MORTGAGE CORPORATION | $200,000 | $35,000 | -82.5% | 0.0% |
TEACHERS CREDIT UNION | $220,000 | $35,000 | -84.1% | 0.0% |
FINANCIAL CENTER FIRST CREDIT UNION | $25,000 | n/a | 0.0% | |
INDIANA MEMBERS CREDIT UNION | $510,000 | $25,000 | -95.1% | 0.0% |
Figure Lending LLC | $240,000 | $15,000 | -93.8% | 0.0% |
Frankfort's top lender by overall market share is The Farmers Bank, Frankfort, Indiana, with 13.8% market share. In second place, with 13.3%, is RUOFF MORTGAGE COMPANY, INC., having originated $17,205,000 in loans. In third place, with 9.3%, is Regions Bank, having originated $12,070,000 in loans. In fourth place, with 4.5%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $5,850,000 in loans. In fifth place, with 4.2%, is First Merchants Bank, having originated $5,485,000 in loans.
Frankfort, IN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 401 | $76,625,000 | $191,085 |
Cash Out Refi | 114 | $15,310,000 | $134,298 |
Refi | 111 | $25,315,000 | $228,063 |
Home Improvement | 110 | $7,040,000 | $64,000 |
Other | 78 | $5,150,000 | $66,026 |
Frankfort's most frequently cited loan purpose was Home Purchase, with 401 originations. The 2nd most popular reason was Cash Out Refi, with 114 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 300 | $51,470,000 | $171,567 |
7-8% | 141 | $24,535,000 | $174,007 |
Over 8% | 112 | $8,800,000 | $78,571 |
5-6% | 37 | $13,275,000 | $358,784 |
<2.5% | 5 | $45,000 | $9,000 |
4-5% | 4 | $460,000 | $115,000 |
During 2024, Frankfort's most frequently originated rate bucket was 6-7%, with 300 originations.
Loan Sizing (Frankfort, IN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 311 | $16,505,000 | $53,071 |
$100k-200k | 309 | $46,755,000 | $151,311 |
$200k-400k | 169 | $44,255,000 | $261,864 |
$400k-600k | 22 | $9,750,000 | $443,182 |
$Over $1MM | 3 | $12,175,000 | $4,058,333 |
Frankfort's loan sizing saw the bucket of loans from $100,000 or less with 311 originations, totaling $16,505,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 268 | $54,740,000 | $204,254 |
60-80% | 112 | $25,380,000 | $226,607 |
Under 20% | 77 | $2,345,000 | $30,455 |
20-40% | 70 | $4,830,000 | $69,000 |
40-60% | 58 | $7,520,000 | $129,655 |
Over 100% | 9 | $1,955,000 | $217,222 |
Frankfort's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 268 originations, totaling $54,740,000 in origination value.